Rexel: 62% increase in quarterly earnings.

(CercleFinance.com) - Rexel has reported Q1 earnings that are up 61.
6% at 62.8 million euros, with adjusted EBITA that is up 9.3% at 135 million euros, meaning an EBITDA margin that is up 17 basis points at 4.1%.

The electrical equipment distributor generated sales of 3,323.1 million euros in the first three months of the year, up 5.1% as reported, and up 0.6% on a like-for-like basis and at a constant number of days.

For 2017, Rexel has confirmed targeting a recovery in organic growth, with sales rising by up to 5% (on a like-for-like basis and at a constant number of days), and adjusted EBITA growth of between 5% and 10%.


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